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As of close of business last night, Fabrinet’s stock clocked out at $273.50, up 2.05% from its previous closing price of $268.00. In other words, the price has increased by $2.05 from its previous closing price. On the day, 0.71 million shares were traded. FN stock price reached its highest trading level at $273.51 during the session, while it also had its lowest trading level at $261.87.
Ratios:
To gain a deeper understanding of FN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.04. For the most recent quarter (mrq), Quick Ratio is recorded 2.78 and its Current Ratio is at 3.61. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on June 26, 2024, initiated with a Hold rating and assigned the stock a target price of $230.
On March 21, 2024, Northland Capital Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $200 to $220.
Northland Capital Downgraded its Outperform to Market Perform on February 06, 2024, while the target price for the stock was maintained at $200.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 24 ’24 when LEVINSON FRANK H sold 6,000 shares for $241.71 per share. The transaction valued at 1,450,272 led to the insider holds 5,709 shares of the business.
Olson Rollance E. sold 1,000 shares of FN for $245,619 on May 24 ’24. The Director now owns 24,981 shares after completing the transaction at $245.62 per share. On Mar 07 ’24, another insider, KELLY THOMAS F, who serves as the Director of the company, sold 10,000 shares for $222.17 each. As a result, the insider received 2,221,684 and left with 20,814 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FN now has a Market Capitalization of 9887298560 and an Enterprise Value of 9033690112. As of this moment, Fabrinet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.77, and their Forward P/E ratio for the next fiscal year is 24.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.43 while its Price-to-Book (P/B) ratio in mrq is 5.66. Its current Enterprise Value per Revenue stands at 3.133 whereas that against EBITDA is 27.71.
Stock Price History:
Over the past 52 weeks, FN has reached a high of $278.38, while it has fallen to a 52-week low of $116.63. The 50-Day Moving Average of the stock is 17.22%, while the 200-Day Moving Average is calculated to be 34.03%.
Shares Statistics:
It appears that FN traded 408.11K shares on average per day over the past three months and 542130 shares per day over the past ten days. A total of 36.15M shares are outstanding, with a floating share count of 35.86M. Insiders hold about 0.79% of the company’s shares, while institutions hold 106.56% stake in the company. Shares short for FN as of 1722384000 were 1410831 with a Short Ratio of 3.46, compared to 1719532800 on 1560760. Therefore, it implies a Short% of Shares Outstanding of 1410831 and a Short% of Float of 5.42.
